Insurance Industry Adds 4,100 in January

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Leading Insurance Career Site, InsuranceJobs.com Share Employment Trends from the Insurance Industry.

Atlanta, GA (PRWEB)February 29, 2016

The insurance industry gained 4,100 jobs for the month of January, according to the latest employment numbers from the U.S Bureau of Labor Statistics released on Friday, February 5, 2015.

The Economic Situation Report revealed that the insurance industry grew by 0.16 percent last month and now sits at 2,577,100 employed insurance workers with an unemployment rate of 2.1 percent. Over the past 12 months, the total number of employed insurance workers has increased by 64,200 or 2.55 percent from 2.51 million in January 2015, while the unemployment rate dropped by 0.2 percent from 2.3 percent.

The insurance carriers and related activities subsector, which includes insurance carriers, agencies and other brokerages, typically makes up more than half of the job growth within the finance and insurance sector. However, last month the subsector only accounted for 36 percent of the 11,400 jobs gained in finance and insurance. Credit intermediation and related activities made up the majority of increases, with 7,000 jobs gained.

Across all industries, total nonfarm payroll employment increased by 151,000 in January while the unemployment rate changed little at 4.9 percent. Over the last 12 months, the number of unemployed persons and the unemployment rate were down by 1.1 million and 0.8 percentage point, respectively. Retail trade, food services and drinking places, health care, and manufacturing all experienced gains last month.

Total nonfarm payroll employment for November and December was revised from 252,000 to 280,000 jobs, and 292,000 to 262,000 jobs, respectively. With these revisions, employment gains in November and December combined were 2,000 lower than previously reported.

About InsuranceJobs.com:
Established in 2006, InsuranceJobs.com is the leading insurance jobs website for insurance careers. Currently the site has over 250,000 registered job seekers and 6,500 registered employers. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post insurance job opportunities and browse a resume bank for applicants. Thousands of new insurance jobs are listed each month by geographic location and specialty, including: actuarial, adjuster, agents, claims jobs, clerical, customer service, health, life, risk management, sales, investigators, insurance underwriters, workers compensation and more.